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2801 R Street SeWashington, DC 20020MLS Number DCDC2061022

  • Price: $1,150,000
  • 174 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
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Active with Contract
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  • 0.06Acreage
  • 1941Year Built
  • 387Price Per Square Foot
  • 2021Assessment Year
Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.
Listed by Cornelius R Henderson, RE/MAX Allegiance

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Yeonas & Shafran Real Estate, LLC

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Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

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Basic Information

  • Broker NameRE/MAX Allegiance
  • List Price$1,150,000
  • MLS NumberDCDC2061022
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot387
  • StatusActive With Contract

Building

  • Building Area SourceAssessor
  • Building Area Total2974
  • Construction MaterialsBrick
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories3
  • Total Garage And Parking Spaces
  • Year Built1941
  • Year Built Effective2015

Other

  • Cap Rate8
  • Soil TypesUrban Land-Beltsville-Chillum
  • View Count1

Tax Information

  • Assessment Year2021
  • City Town Tax6177
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount708130
  • Tax Lot51
  • Tax Year2021
  • Taxes$6,177
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.06
  • Business TypeApartment Building
  • Lot Size SourceAssessor
  • Lot Size Square Feet2,583
  • Property SubTypeFive Or More Units
  • ZoningRF-1

Legal

  • PossessionSettlement
  • Sale TypeStandard
  • Total Actual Rent106392

Parking

  • Assigned Parking Spaces
  • Parking TypesOff Site

Basic Information

  • Date Listed08/10/2022

Location

  • Address2801 R Street Se
  • Building Number2801
  • CountyWashington
  • DirectionsSee GPS
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20020

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemForced Air
  • Heating FuelOther
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterOther
  • Water SourcePublic

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Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated January 30, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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